Report
Chris Kallos, CFA
EUR 98.48 For Business Accounts Only

Sigma Delivers a Strong Full-Year Result With Non-PBS Revenue Increasing in the Mix

Narrow-moat Sigma Pharmaceuticals delivered a solid full-year result, with underlying net profit after tax of AUD 66.9 million broadly within expectations. The result was characterised by solid increases in Sigma-branded pharmacy sales and a significant improvement in working capital. We raise our fair value estimate by 4% to AUD 1.30 per share, from AUD 1.25 previously. The firm declared a full-year dividend of AUD 0.055, representing a 10% increase on the prior corresponding period, or PCP, an...
Underlying
Sigma Pharmaceuticals Ltd.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Kallos, CFA

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